04.Mar .2021 23:30

Consumer Price Index in China Dropped by 0.3 percent in January

Consumer Price Index in China Dropped by 0.3 percent in January
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In January 2021, the national Consumer Price Index (CPI) in China dropped by 0.3 percent year on year. Among them, the prices in urban and rural dropped by 0.4 and 0.1 percent respectively; the prices of food stuff rose by 1.6 percent, and that of non-food stuff fell by 0.8 percent; the prices of consumer goods fell by 0.1 percent, and that of service fell by 0.7 percent.
 
According to the latest report of the National Bureau of Statistics of China, in January, China's consumer prices rose by 1.0 percent month on month. Among them, the prices in urban and rural respectively rose by 1.0 and 1.1 percent; the prices of foodstuff and non-foodstuff rose by 4.1 and 0.3 percent; that of consumer goods rose by 1.5 percent, while that of service rose by 0.2 percent.

The prices of food, tobacco and alcohol during the report period rose by 1.4 percent year on year, affecting the CPI (Consumer Price Index) to rise by about 0.41 percentage point. Among the foods, the price of fresh vegetables increased by 10.9 percent, which affected the CPI rose by about 0.24 percentage point; the price of grain increased by 1.6 percent, which affected the CPI up by about 0.03 percentage point; the price of fresh fruits increased by 1.3 percent, which affected the CPI up by about 0.02 percentage point; the price of eggs increased by 1.2 percent, which affected the CPI up by about 0.01 percentage point; the price of livestock meat decreased by 0.4 percent, which affected the CPI down by about 0.02 percentage point, in which the price of pork was down by 3.9 percent, affecting nearly 0.09 percentage point decrease in the CPI.

The prices of the other seven categories rose 1 flat 2 and fell 4. Among them, the prices of health care rose by 0.4 percent; that of daily necessities and services, education, culture and entertainment were flat; that of transportation and communication, other supplies and services decreased by 4.6 and 0.9 percent, respectively; that of housing and clothing decreased by 0.4 and 0.2 percent, respectively.
 
The price of food, tobacco and alcohol in January, rose by 2.8 percent on a month on month basis, which affected the CPI rise by about 0.80 percentage point. Among the foods, the price of fresh vegetables increased by 19.0 percent, which affected the CPI up by about 0.40 percentage point; the price of eggs increased by 9.4 percent, which affected the CPI up by about 0.06 percentage point; the price of livestock meat increased by 3.7 percent, which affected the CPI up by about 0.16 percentage point, in which the price of pork increased by 5.6 percent, which affected the CPI up by about 0.12 percentage point; the price of aquatic products increased by 3.3 percent, which affected the CPI up by about 0.06 percentage point; and the price of fresh fruits increased by about 2.3 percent, which affected CPI up by about 0.04 percentage point; grain price rose by 0.3 percent, which affected CPI up by about 0.01 percentage point.
 
The prices of the other seven categories rose 6 and fell 1 on a month on month basis. Among them, the prices of transportation and communications, other supplies and services, education, culture and entertainment increased by 0.9, 0.5 and 0.4 percent respectively; the prices of daily necessities and services, housing and health care increased by 0.2, 0.1 and 0.1 percent respectively; while the prices of clothing decreased by 0.4 percent.